Adventis faces 'administration threat' as Lloyds calls in bank debt
Marketing and PR company Adventis Group is coming under increase pressure from Lloyds Banking Group to repay its debt with the bank.
The Marketing Services Financial Intelligence site reports that Adventis could face administration if it cannot repay its bank borrowings.
The AIM-listed group this morning announced that it had failed in its attempts to tempts to raise about £3 million of additional share capital.
Fintellect says it is now attempting to sell its technology division with the aim of repaying all the bank debt.
Ominously Lloyds has indicated that it will take "appropriate action" if its demands are not met.
This morning Adventis's share price lost 36% of its value.